$0.27 Earnings Per Share Expected for Marten Transport, Ltd (MRTN) This Quarter

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Equities research analysts expect that Marten Transport, Ltd (NASDAQ:MRTN) will announce earnings of $0.27 per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Marten Transport’s earnings, with the highest EPS estimate coming in at $0.27 and the lowest estimate coming in at $0.26. Marten Transport posted earnings per share of $0.25 during the same quarter last year, which suggests a positive year-over-year growth rate of 8%. The business is expected to announce its next quarterly earnings results on Tuesday, July 16th.

According to Zacks, analysts expect that Marten Transport will report full-year earnings of $1.09 per share for the current year, with EPS estimates ranging from $1.05 to $1.15. For the next year, analysts forecast that the company will report earnings of $1.16 per share, with EPS estimates ranging from $1.05 to $1.30. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that cover Marten Transport.

Marten Transport (NASDAQ:MRTN) last announced its quarterly earnings results on Tuesday, April 16th. The transportation company reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.01. Marten Transport had a return on equity of 9.89% and a net margin of 6.99%. The company had revenue of $199.00 million during the quarter, compared to analyst estimates of $196.60 million. During the same quarter in the previous year, the firm posted $0.19 EPS. The firm’s quarterly revenue was up 6.4% on a year-over-year basis.

MRTN has been the subject of a number of analyst reports. ValuEngine upgraded Marten Transport from a “hold” rating to a “buy” rating in a research report on Thursday, January 24th. BidaskClub upgraded Marten Transport from a “sell” rating to a “hold” rating in a research report on Friday, February 22nd. Stifel Nicolaus set a $18.00 price target on Marten Transport and gave the stock a “hold” rating in a research report on Wednesday. Finally, Zacks Investment Research lowered Marten Transport from a “buy” rating to a “hold” rating in a research report on Friday, January 4th. Five equities research analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and an average price target of $19.67.

Shares of MRTN stock opened at $19.97 on Monday. Marten Transport has a 1 year low of $15.39 and a 1 year high of $24.55. The firm has a market cap of $992.56 million, a price-to-earnings ratio of 19.97 and a beta of 1.52.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $0.03 dividend. This is a positive change from Marten Transport’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.12 annualized dividend and a dividend yield of 0.60%. Marten Transport’s dividend payout ratio is 12.00%.

In other news, Chairman Randolph L. Marten sold 9,997 shares of the company’s stock in a transaction on Monday, February 11th. The stock was sold at an average price of $18.57, for a total value of $185,644.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert L. Demorest sold 6,250 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $18.05, for a total value of $112,812.50. Following the completion of the sale, the director now owns 20,666 shares of the company’s stock, valued at approximately $373,021.30. The disclosure for this sale can be found here. In the last 90 days, insiders sold 191,066 shares of company stock valued at $3,623,237. Insiders own 23.00% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of Marten Transport by 4.9% in the fourth quarter. BlackRock Inc. now owns 6,143,577 shares of the transportation company’s stock valued at $99,464,000 after buying an additional 288,817 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Marten Transport by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,563,975 shares of the transportation company’s stock valued at $73,891,000 after buying an additional 42,170 shares during the period. Vanguard Group Inc lifted its holdings in shares of Marten Transport by 2.4% in the third quarter. Vanguard Group Inc now owns 2,272,199 shares of the transportation company’s stock valued at $47,830,000 after buying an additional 53,344 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Marten Transport by 2.4% in the third quarter. Vanguard Group Inc. now owns 2,272,199 shares of the transportation company’s stock valued at $47,830,000 after buying an additional 53,344 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in shares of Marten Transport by 32.6% in the fourth quarter. Victory Capital Management Inc. now owns 2,089,169 shares of the transportation company’s stock valued at $33,824,000 after buying an additional 513,644 shares during the period. Institutional investors and hedge funds own 69.45% of the company’s stock.

Marten Transport Company Profile

Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United States, Canada, and Mexico. It operates through four segments: Truckload, Dedicated, Intermodal, and Brokerage. The Truckload segment transports food and other consumer packaged goods that require a temperature-controlled or insulated environment.

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